Ann: FY22 Q2 Quarterly Activities Report and Appendix 4C, page-13

A better result. I don't support the My Net Zero investment of $985k. I'm also frustrated to see a payment of $1.38m for 2015-2020 catch up tax payments. That's surely sloppy accounting. If you take out these two costs then they actually had $1.01m in net cash from operating activities.

But this is just another example of poor management decision making. Karl talks about a cost discipline focus and has actually done reasonably well at bringing staff costs and admin down but then goes and puts $985k in a completely green company that has just one customer in a questionable segment of the employee experience space.